Pension transparency bill passes Senate committee
01/27/2016 07:04 PM
FRANKFORT – A bill which would make the state’s public pension systems more transparent in their transactions unanimously passed in the Senate State and Local Government Committee on Wednesday. Senate Bill 2, sponsored by Sen. Joe Bowen, R-Owensboro, would also hold the public pension systems more accountable in how they contract with third parties for services, and ensure that their governing boards have the investment experience necessary to lead the organizations effectively. Senate Bill 2 includes a provision calling for six gubernatorial... Read more 
Greg Stumbo plays starring role in Kentuckians for Strong Leadership super PAC video focused on flipping the House
01/27/2016 11:22 AM
A group which played a pivotal role in the re-election of Republican U.S. Senate Majority Leader Mitch McConnell is now setting their sights and their dollars on the state House. Kentuckians for Strong Leadership have reformed their mission to flip the state House to GOP control. The group released their first web ad of the election season on Wednesday with a message to Republicans to flip the state House. Democrats have controlled the lower chamber since 1921. The web... Read more
Gov. Matt Bevin said on Tuesday he would issue a 4.5 percent spending cut for the rest of this fiscal year to nearly all state agencies, including state universities. He also proposed cutting spending by 9 percent for the next two years. On Wednesday, the presidents of Kentucky’s flagship universities responded to Bevin’s proposal with concern. In an email to students and faculty, University of Kentucky President Eli Capilouto said the school is trying to preserve its teaching, research and service missions despite the cuts. “Certainly, the magnitude of reductions in the governor’s budget proposal presents significant challenges to our university,” Capilouto said. “We will work [...]
Thu, Jan 28, 2016 12:55:00 PM, Continue reading at the source
As is annual custom, Mayor Greg Fischer will later today give a speech touting his administration’s ongoing initiatives and describing the direction he sees for Louisville in the coming year. His remarks during the annual annual State of the City address are an opportunity for the mayor to set the tone for the coming year. Last year, Fischer unveiled a program focused on developing a skilled workforce. This year, he’ll center his address on the notion that Louisville is a city in the midst of a transformation, a spokesman said. Here are a few things to watch for: Infrastructure In his current budget, Fischer boosted funding [...]
Thu, Jan 28, 2016 12:04:00 PM, Continue reading at the source
Despite Official’s Criticism, Senate Committee OKs Kentucky Pension Transparency Bill
from Ryland Barton
from Ryland Barton
A top state pension executive told legislators on Wednesday that a bill requiring greater transparency of the pension systems for Kentucky’s public employees would be harmful to his agency. Regardless, a Senate committee unanimously approved the bill. The bill would make the pension systems for state workers, teachers and state officials subject to open records requests. Pension managers would also have to disclose investment holdings, fees and manager commissions. Investment contracts would be subject to review by the state auditor and legislative committees. State Sen. Joe Bowen, a Republican from Owensboro, said the changes have been demanded by Kentucky residents. “They want accountability, they want [...]
Thu, Jan 28, 2016 1:29:00 AM, Continue reading at the source
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